platform company
Scope
Date
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Aerospace & Defense
Hanwha invests another $11 mn in US communications firm Kymeta
Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...
Mar 16, 2022 (Gmt+09:00)
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Private equity
Morgan Stanley to sell Jeonju Paper for around $803 mn
New York-based Morgan Stanley Private Equity is slated to sell its entire stake in Jeonju Paper Corp., South Korea's top newsprint producer, and its...
Mar 15, 2022 (Gmt+09:00)
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Electric vehicles
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
Mar 15, 2022 (Gmt+09:00)
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Edtech startup Riiid joins Fast Company's list of most innovative firms
South Korea’s AI education startup Riiid has made it onto Fast Company's annual list of the World’s Most Innovative Companies. Since 20...
Mar 11, 2022 (Gmt+09:00)
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Food & Beverage
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
Mar 11, 2022 (Gmt+09:00)
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Corporate strategy
Samsung Electro-Mechanics to focus on IT, automotive electronics sectors
South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...
Mar 10, 2022 (Gmt+09:00)
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War in Ukraine
Korea Inc. in dilemma over Russia biz amid Ukraine war
South Korea’s major companies are in a sticky situation over their businesses in Russia following its invasion of Ukraine. Governments in the ...
Mar 08, 2022 (Gmt+09:00)
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Private equity
K Car's evolution into top Korean used car sales platform
When Seoul-based private equity firm Hahn & Co. acquired K Car Co. from SK Group in 2018, the No. 1 used car retailer in South Korea controlled ...
Mar 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Iveco to cooperate on commercial vehicles
Hyundai Motor Co., South Korea’s top automaker, and Iveco Group NV, Italia's truck maker, have agreed to join hands on their commercial vehicl...
Mar 07, 2022 (Gmt+09:00)
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Entertainment
Korean content shares jump on Beijing’s eased restrictions
South Korean content shares finished Friday’s trade higher, buoyed by expectations of resumed exports to China and news that Disney+ will rele...
Mar 04, 2022 (Gmt+09:00)
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Metaverse
Metaverse platform Zepeto user base exceeds 300 million
Naver Z, a subsidiary of Naver Corp., announced on Friday the number of subscribers to its metaverse platform Zepeto now exceeds 300 million. ...
Mar 04, 2022 (Gmt+09:00)
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Korean stock market
S.Korea seen to benefit from MSCI's Russia removal
MSCI Inc.'s decision to remove Russian stocks from its emerging markets indexes from later next week stirred up expectations that as much as $3.4 bi...
Mar 03, 2022 (Gmt+09:00)
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Content platforms
Kakao to unveil YouTube-like manga platform in Japan
Kakao Corp., the No. 1 digital comics platform in Japan, will expand deeper into the neighboring country's comics market by launching a platform whe...
Mar 03, 2022 (Gmt+09:00)
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Korean startups
Ridi becomes first Korean content platform unicorn
Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4
National Pension Service (NPS) of South Korea said on Feb. 28 it hired Allspring Global Investments LLC, BlackRock Inc. and Morgan Stanley Investm...
Feb 28, 2022 (Gmt+09:00)
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Metaverse
Kakao’s incoming CEO to launch two metaverse platforms
‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...
Feb 25, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
Feb 24, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
Feb 23, 2022 (Gmt+09:00)
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Metaverse
Lotte says to become the norm in metaverse retail space
Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...
Feb 23, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research forms 'Hyperscale' AI alliance with 13 companies
LG AI Research unveiled an alliance network consisting of 13 corporations and organizations based in South Korea and abroad on Tuesday. There a...
Feb 23, 2022 (Gmt+09:00)
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Venture capital
Live commerce platforms like Grip to keep growing in Asia Pacific: Google
In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...
Feb 22, 2022 (Gmt+09:00)
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Economy
Korea Inc. revises business plans as rising oil prices hit economy
South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...
Feb 21, 2022 (Gmt+09:00)
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Entertainment
CJ ENM’s streaming platform raises $209 mn to finance original content
TVing Co. is poised to sell 382,513 new shares to South Korean private equity fund JC Partner Co.’s affiliate to raise 250 billion won ($209 m...
Feb 18, 2022 (Gmt+09:00)
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ESG
APG urges Samsung, other Korean carbon emitters to take action
Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...
Feb 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LG Energy acquires ESS company in US from Japan's NEC
LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...
Feb 17, 2022 (Gmt+09:00)
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Cryptocurrencies
WeMade to retire WEMIX cryptocurrency for investor value
WeMade Co., a South Korean game developer, plans to retire 2% of its cryptocurrency WEMIX in the next two weeks to bolster its value for investors, ...
Feb 17, 2022 (Gmt+09:00)
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Korean games
Game stocks plunge in S. Korea, US
Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...
Feb 17, 2022 (Gmt+09:00)
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Automobiles
Online platforms emerge as new battlefield for auto sales in Korea
Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...
Feb 15, 2022 (Gmt+09:00)
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Korean startups
KAIST Holdings to open US offices with $8.4 bn value in mind
The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...
Feb 15, 2022 (Gmt+09:00)
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ESG
LG Group improves dividend policy transparency
A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...
Feb 14, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore